While headline balances saw little movement, digging deeper the Q2 RICS survey shows a reversal of last quarter’s more positive outlook. Indeed, respondents seem more downbeat, with almost half now believing we are still in the downturn phase of the current cycle. Even so, there remains a wide divergence in the outlooks across the main sectors, with a marked softening of sentiment toward industrial.
Our team have recorded a special podcast episode all about the big themes in commercial real estate. The 12-minute episode showcases our enhanced coverage which provides a more global, comparative view of how the key markets we forecast are performing, touching on issues such as the question of growing distressed assets but also whether political uncertainty on both sides of the Atlantic is affecting sentiment and activity
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